COINOTAG News, December 16, citing Onchain Lens data, reports the liquidation of a highly leveraged ETH position linked to the address of the prominent whale known as Big Brother Whale, Li-Cheng Huang. The 25x ETH long was liquidated, resulting in an estimated $22.9 million in losses.
This episode underscores the risk profile of extreme leverage in crypto derivatives and the importance of prudent risk controls in ETH markets. Through Onchain Lens, market data such as liquidations and positions informs transparent coverage for readers navigating volatility and liquidity dynamics.
While counterparties and exact liquidation prices remain undisclosed, the incident adds to a growing catalog of large losses tied to highly leveraged bets. Traders should heed margin requirements and liquidity considerations to navigate ongoing crypto market fluctuations.
Source: https://en.coinotag.com/breakingnews/eth-25x-long-position-liquidated-22-9m-loss-linked-to-li-cheng-huangs-big-brother-whale-address
